UK power grid renewal frustratingly slow

A UK power equipment manufacturer is urging for the upcoming industrial strategy to provide more transparency regarding power grid upgrades in order to expedite the transition to clean technologies. The CEO of Fundamentals, Jon Hiscock, emphasized the importance of ambitious targets and the significant investment required for achieving clean power goals by 2030. Hiscock highlighted the critical role his company plays in the industry, specializing in voltage control equipment for the grid and operating out of Swindon, UK.

With a focus on innovation and digital technology integration, Fundamentals is striving to address the challenges posed by aging power grids ill-equipped for a low carbon future. Hiscock pointed out the pressing need to release 225GW of capacity to decarbonize the grid by 2035, while anticipating a doubling of grid demand by 2036. Despite the potential demand for their products, Hiscock expressed frustration over the slow pace of scaling up operations.

As part of a group of 17 companies advocating for a more cohesive industrial strategy from the UK government, Fundamentals is calling for a comprehensive approach that includes the entire supply chain for electrical equipment. The long-awaited strategy, expected in the first half of 2025, aims to address the forecasted surge in production demands to meet the energy transition requirements by 2035.

Yselkla Farmer, CEO of BEAMA, highlighted the unique challenges faced by the electricity sector in rapidly expanding the supply chain for electrical products within a tight timeframe. The collaboration between businesses and the government is deemed essential to facilitate quick decision-making and investments in the UK. Farmer emphasized the critical role of the power industry in the success of the industrial strategy.

Looking ahead, Hiscock stressed the importance of strategic planning and investment in recruiting and training to meet the growing demand for their technology. He underscored the need for clear indicators and a supportive environment for investors to drive growth in the green economy. Hiscock also pointed to ongoing energy innovation projects, such as the BEET trial and the Constellation project, as examples of how innovation can propel the industry forward.